Shenandoah Telecommunications Company (SHEN)

Distributing

Institutional distribution: ownership decreased -0.66% quarter-over-quarter.

Data as of Q1 2026

Institutional Ownership

72.59%

QoQ Change

-0.66%

Total Value

$611.8B

Shares Outstanding

55.3M

Crowding AnalysisCrowded

Holders161of 5,944

Avg: 68

Uncrowded90th percentileCrowded

Institutional Activity

Buy/Sell Ratio1.19x

74th percentile

83 buying70 selling

+29

New

-20

Closed

+20K

Net shares

Holding Period Distribution

estimate

Median: 4 QAvg: 4 QHolders: 161

Ownership Concentration

Top 5: 49.7%Top 10: 69.0%

BlackRock,17.4%

GCM Grosvenor Holdings,10.3%

ECP ControlCo,8.6%

SOUTHEASTERN ASSET MANAGEMENT INC/TN/7.3%

DIMENSIONAL FUND ADVISORS6.2%

Others (156)50.3%

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Conviction-Weighted Ownership

Median weight: 0.01%Avg weight: 1.01%Max: 7.04%High conviction (>1%): 2

BlackRock,

GCM Grosvenor Holdings,

ECP ControlCo,

SOUTHEASTERN ASSET MANAGEMENT INC/TN/

DIMENSIONAL FUND ADVISORS

VANGUARD CAPITAL MANAGEMENT

STATE STREET

GEODE CAPITAL MANAGEMENT,

MILLENNIUM MANAGEMENT

AMERICAN CENTURY COMPANIES

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Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWVANGUARD CAPITAL MANAGEMENT$34M2.2M shr

BOUGHTMILLENNIUM MANAGEMENT$2M106K shr

BOUGHTAMERICAN CENTURY COMPANIES$1M96K shr

BOUGHTGEODE CAPITAL MANAGEMENT$736K48K shr

SOLDBlackRock$608K39K shr

NEWMILLENNIUM MANAGEMENT$13M1.1M shr

SOLDVANGUARD GROUP$11M962K shr

BOUGHTSOUTHEASTERN ASSET MANAGEMENT INC/TN$6M492K shr

BOUGHTAMERICAN CENTURY COMPANIES$2M153K shr

SOLDDIMENSIONAL FUND ADVISORS$2M152K shr

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Institutional Trends (8 Quarters)

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Institutional Holders

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